£ The Smarter Spender

Getting ahead financially means making some smart money decisions. Here is a snapshot of the money information you need to know…

YTD is the year-to-date percentage total return. 10 yr(%) is the compound annualised growth rate over 10 years. Deposit rate reflects a typical savings account at £2,500. RPI and CPI are inflation measures.

Great savings rates

■ Virgin Money is currently offering a variable savings account of 0.50%pa.

■ Atom Bank is offering a 1-year fixed rate of 0.62%pa.

■ Shawbrook Bank is offering a 3-year fixed rate of 0.96%pa.

■ Gatehouse Bank is offering a 5-year fixed rate of 1.4%pa. Always check the T&Cs before committing. If you hold money with a UK authorised bank or building society, you are covered under the Financial Services Compensation Scheme (FSCS) up to £85,000 per eligible person, per bank or building society.

Great mortgage deals if you’re remortgaging

■ TSB is offering a 1.04% fixed until 31/08/2023 at 60% LTV.

■ Furness is offering a 1.49% discounted rate for two years at 80% LTV.

If you’re moving

■ Platform is offering a 1.06% fixed deal until 37/07/2023 at 60% LTV.

■ Furness is offering a 1.49% discounted deal for two years at 80% LTV for first-time buyers.

■ Progressive building society is offering a 2.19% discounted deal for two years at 90% LTV.

■ Halifax is offering a 3.73% fixed deal to 31/08/2023 deal at 95% LTV.

Always check the fees and T&Cs of a mortgage before arranging it. Your home may be repossessed if you do not keep up repayments on your mortgage.